Airbnb Is Getting Ready for an IPO: What Investors Should Know
Vacation-rental company Airbnb is getting ready to go public via an initial public offering (IPO), according to sources for The Wall Street Journal. The company is often the subject of IPO rumors. However, sources say the company is planning to file paperwork with the Securities and Exchange Commission (SEC) in August. This sets up a potential IPO later in 2020.
There's no word yet on what kind of valuation Airbnb is seeking, but it's likely lower than its valuation before the COVID-19 pandemic. According to CNBC, the company's valuation had fallen from $31 billion in 2017 to $18 billion earlier this year. And since the pandemic began, the company has accrued $2 billion in additional debt.
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Source Fool.com
